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Determine the amount of martinez company inventory

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Reference no: EM131690768

Question - Martinez Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis.

Item No.

Quantity

Cost per Unit

Cost to Replace

Estimated Selling Price

Cost of Completion and Disposal

Normal Profit

1320

1,600

$3.46

$3.24

$4.86

$0.38

$1.35

1333

1,300

2.92

2.48

3.78

0.54

0.54

1426

1,200

4.86

4.00

5.40

0.43

1.08

1437

1,400

3.89

3.35

3.46

0.27

0.97

1510

1,100

2.43

2.16

3.51

0.86

0.65

1522

900

3.24

2.92

4.10

0.43

0.54

1573

3,400

1.94

1.73

2.70

0.81

0.54

1626

1,400

5.08

5.62

6.48

0.54

1.08

From the information above, determine the amount of Martinez Company inventory.

Reference no: EM131690768

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